My First Property

Stamp Duty Calculation for a Property Costing £500,000

You entered a purchase price of £500,000. Given this, the stamp duty due will be as follows:

Price Band Percentage payable Stamp Duty Due
Up to £125,000 0% £0
Up to £250,000 2% £2,500
Up to £925,000 5% £12,500
Up to £1,500,000 10% £0
Above £1,500,000+ 12% £0


Total stamp duty due is £15,000

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Last updated: August 2015. Uses stamp duty rates for England and Wales implemented on 4th December 2014
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